XXXXX Loans definition

XXXXX Loans means Term XXXXX Loans and Daily Compounded XXXXX Loans.

XXXXX Loans means Daily Compounded XXXXX Loans and Term XXXXX Loans. 1.1.59 “Credit Facility” – means the committed revolving credit facility in the maximum amount of one hundred and forty million CDollars (C$140,000,000) or the Equivalent Amount in USDollars which the Lenders will make available to the Borrower pursuant to, and in accordance with the terms of, Article 3 and the other provisions of this Agreement. 1.1.60 “Current Accounts” – means collectively (i) the CDollars and USDollars accounts maintained by the Borrower with BNS at the Branch of Account for the purposes of operating the Credit Facility and, (ii) with respect to the Swingline Loan, the CDollars and USDollars accounts maintained by the Borrower with BNS at the Branch of Account. 1.1.61 “Daily Compounded XXXXX” means, for any day, XXXXX with interest accruing on a compounded daily basis, with the methodology and conventions for this rate (which will include compounding in arrears with a lookback of five (5) Banking Days, or such other period as selected or recommended by the Relevant Governmental Body) being established by the Administrative Agent in accordance with the methodology and conventions for this rate selected or recommended by the Relevant Governmental Body for determining compounded XXXXX for business loans; provided that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion; and provided that if the administrator has not provided or published XXXXX and a Benchmark Replacement Date with respect to XXXXX has not occurred, then, in respect of any day for which XXXXX is required, references to XXXXX will be deemed to be references to the last provided or published XXXXX; and provided that if Daily Compounded XXXXX as so determined shall be less than the Floor, then Daily Compounded XXXXX shall be deemed to be the Floor. 1.1.62 “Daily Compounded XXXXX Advance” – means an advance in CDollars that bears interest at a rate based on Adjusted Daily Compounded XXXXX.

XXXXX Loans means Term XXXXX Loans and Daily Compounded XXXXX Loans. LEGAL_1:83363388.10 RBC – AltaLink (AILP) – 2024 Amended and Restated Credit Agreement

Examples of XXXXX Loans in a sentence

• If a Borrower fails to deliver a Rollover Notice to the Agent or the relevant Operating Lender (as applicable) as provided in this Section, such Borrower shall be deemed to have given a Conversion Notice to the Agent or such Operating Lender (as applicable) electing to Convert the entire amount of the maturing SOFR Loan or XXXXX Loan into a U.S. Base Rate Loan (in the case of SOFR Loans) or a Canadian Prime Rate Loan (in the case of XXXXX Loans).

• The Assignee shall assume no liability or obligation to the Assignor in respect of such Outstanding SOFR Loans [and XXXXX Loans].

• Changes in Daily Compounded XXXXX shall cause an immediate adjustment of the interest rate applicable to Daily Compounded XXXXX Loans without the necessity of any notice to any of the Canadian Borrower.

• Notwithstanding any provision of the Credit Agreement or this Agreement, the Assignee shall have no right, title, benefit or interest in or to any Outstanding SOFR Loans [and XXXXX Loans].

More Definitions of XXXXX Loans

XXXXX Loans means the ‘Loan’ as defined in the Xxxxx Loan Purchase Agreement.

XXXXX Loans is defined in Section 2.1.2.

XXXXX Loans means all of the following owed to or held by Xxxxx or by the Company relating to Xxxxx (including any of the following fully or partially charged off the books of the Company):

XXXXX Loans means the loans outstanding to the Xxx.XX Group from time to time;

XXXXX Loans means the intercompany loans made by the Borrower to (i) the Parent, (ii) the Operating Utilities, or (iii) any other Subsidiary of the Parent, in accordance with the terms of the Financial Services Agreement.

XXXXX Loans loans from Xxxxx to Borrower secured by the Collateral on a pari passu basis with the Loans for use by the Borrower for its general corporate purposes, which loans (i) shall have an interest rate comparable to the Loans, subject, as Xxxxx and the Borrower may reasonably agree, to adjustments for duration, “PIK” interest and other commercially reasonable factors and shall not be subject to upfront, exit or similar fees or original issue discount and (ii) shall not include covenants more restrictive in any respect than any covenant hereunder.

XXXXX Loans loans from Xxxxx Holdings to Toys Delaware.